Popular Exchanges to Buy Cryptocurrency in Singapore

The Singaporean monetary authority has accepted a waiver of licenses for several cryptocurrency companies operating in the country under the New Payment Services Act. Among the companies benefiting from this six-month grace period, there are Coinbase, Gemini, Luno, etc.

The three names are quite famous cryptocurrency exchanges in Singapore in particular, and all in the world in general. We will briefly introduce these in order to give traders more choices of exchanges, especially for those who are in Singapore.

NEEX – Cryptocurrency Exchanges in Singapore

NEEX is a leading P2P exchange in Asia and is considered to be a trading place for USDex and other cryptocurrencies such as NEE, Bitcoin, Ripple, Etherium, Paya and so on. It’s a place where we can use the currencies of each country to buy and sell cryptocurrencies easily and quickly with a simple and optimal interface.

With the aim of providing the market with an intermediary trading solution, the nation’s currencies will be replaced by USDex.

THE Peer-to-peer P2P platform is transparent for a free trading community and provides tools, confidentiality, and absolute safety for users.

NEEX is built by highly specialized teams with experience working in professional banking systems and in building systems of finance, payment, cryptocurrencies, and software applications.

Currently, NEEX is available in many countries such as the UAE, India, Korea, Japan, The Philippines, Vietnam, Cambodia, Malaysian, Indonesia, Taiwan, and is being developed and expanded every day.

Coinbase

Coinbase is a cryptocurrency broker that provides a platform for traders to buy and sell cryptocurrencies with fiat money. Apart from being a broker, Coinbase is also a provider of wallets and a cryptocurrency exchange.

Coinbase was founded by Brian Armstrong and Fred Ehrsam in 2012 and is based in San Francisco, California. The platform was first launched as an e- wallet for users to store cryptocurrencies online before venturing into the brokerage space where users can buy and sell cryptocurrencies. As of 2017, Coinbase was one of the world’s largest cryptocurrency brokers and serves users in 33 countries.

Gemini

Gemini is a private, licensed digital asset exchange that also provides monitoring services for businesses operating in the digital sector. It was launched in 2015 in the United States by the Winklevoss twins, Cameron and Tyler, and has now expanded its operations to Europe and Asia.

This cryptocurrency exchanges in Singapore provided Bitcoin and Ether transactions. Starting May 19, 2018, it is set to provide trading with Zcash. Litecoin and Bitcoin Cash are also expected to be approved. Zcash is considered a “private currency” and is advertised as “the first open cryptocurrency that can completely protect the privacy of transactions using zero-knowledge cryptography’.

With over 100 million users and 400,000 daily users from around the world, it can be said that cryptocurrencies are more popular than ever. With so many global users, it’s no wonder that cryptocurrency exchanges in Singapore are appearing on the left, right and center in every corner of the Internet.